Civic Intelligence

Westminster Economic Development Initiative Inc.

990 • Fiscal year 2024 • EIN 20-4230463

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 15, 2025

Organization ProfileWWW.WEDIBUFFALO.ORG
1432 Niagara StreetBuffalo, NY 14213

(716) 393-4088

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.14x

Higher debt load relative to assets than 39% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.77x

Higher debt load relative to revenue than 60% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Net Margin

33rd percentile

-0.5%

Higher net margin than 33% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

32nd percentile

$95,920

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Asset Growth

12th percentile

-7.1%

Faster asset growth than 12% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-69%

Faster revenue growth than 4% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$11,712,530

Down $888,483 (-7.1%) from 2023

Net Assets

Down

$10,037,234

Down $11,817 (-0.1%) from 2023

Liabilities

Down

$1,675,296

Down $876,666 (-34%) from 2023

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin33rd percentile

Revenue

Down

$2,171,800

Down $4,746,906 (-69%) from 2023

Expenses

Down

$2,183,617

Down $289,920 (-12%) from 2023

Net Income

Down

-$11,817

Down $4,456,986 (-100%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $279,102Liabilities 2011: $5,300Net Assets 2011: $273,8022011Assets 2012: $336,761Liabilities 2012: $8,5262012Assets 2013: $311,889Liabilities 2013: $1,010Net Assets 2013: $310,8792013Assets 2014: $576,375Liabilities 2014: $52,710Net Assets 2014: $523,6652014Assets 2015: $472,754Liabilities 2015: $74,833Net Assets 2015: $397,9212015Assets 2016: $1,040,821Liabilities 2016: $522,489Net Assets 2016: $518,3322016Assets 2017: $1,744,123Liabilities 2017: $884,389Net Assets 2017: $859,7342017Assets 2018: $2,024,093Liabilities 2018: $841,291Net Assets 2018: $1,182,8022018Assets 2019: $2,379,628Liabilities 2019: $1,081,590Net Assets 2019: $1,298,0382019Assets 2020: $2,609,168Liabilities 2020: $955,539Net Assets 2020: $1,653,6292020Assets 2021: $5,287,806Liabilities 2021: $879,669Net Assets 2021: $4,408,1372021Assets 2022: $10,403,298Liabilities 2022: $4,794,416Net Assets 2022: $5,608,8822022Assets 2023: $12,601,013Liabilities 2023: $2,551,962Net Assets 2023: $10,049,0512023Assets 2024: $11,712,530Liabilities 2024: $1,675,296Net Assets 2024: $10,037,2342024

Highlighted filing

2024

Assets$11,712,530
Liabilities$1,675,296
Net Assets$10,037,234
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $86,003Expenses 2011: $96,478Net Income 2011: -$10,4752011Revenue 2012: $163,271Expenses 2012: $108,838Net Income 2012: $54,4332012Revenue 2013: $140,767Expenses 2013: $158,123Net Income 2013: -$17,3562013Revenue 2014: $538,487Expenses 2014: $330,825Net Income 2014: $207,6622014Revenue 2015: $335,318Expenses 2015: $464,606Net Income 2015: -$129,2882015Revenue 2016: $659,391Expenses 2016: $538,980Net Income 2016: $120,4112016Revenue 2017: $1,095,067Expenses 2017: $753,665Net Income 2017: $341,4022017Revenue 2018: $1,313,235Expenses 2018: $990,167Net Income 2018: $323,0682018Revenue 2019: $1,715,793Expenses 2019: $1,600,557Net Income 2019: $115,2362019Revenue 2020: $2,118,673Expenses 2020: $1,763,082Net Income 2020: $355,5912020Revenue 2021: $4,824,412Expenses 2021: $2,069,904Net Income 2021: $2,754,5082021Revenue 2022: $3,247,167Expenses 2022: $2,295,731Net Income 2022: $951,4362022Revenue 2023: $6,918,706Expenses 2023: $2,473,537Net Income 2023: $4,445,1692023Revenue 2024: $2,171,800Expenses 2024: $2,183,617Net Income 2024: -$11,8172024

Highlighted filing

2024

Revenue$2,171,800
Expenses$2,183,617
Net Income-$11,817
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$2,190,817
Mission and Program Overview

Mission

Wedi empowers economically disadvantaged people in buffalo, ny with a primary focus on the west side community.

Wedi strenghtens communities through a continuum of educational and financial resources for all western new yorkers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$3,221,126$2,234,087▼ $987,039
Cash and Non-Interest-Bearing Accounts$933,710$793,847▼ $139,863
Land, Buildings, and Equipment, Net$52,425$507,224▲ $454,799
Accounts Receivable$4,310$185,760▲ $181,450
Other Notes and Loans Receivable, Net$302,684$168,428▼ $134,256
Prepaid Expenses and Deferred Charges$11,876$26,525▲ $14,649
Total Assets$12,601,013$11,712,530▼ $888,483
Other Assets Total$8,074,882$7,796,659▼ $278,223
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,313,193$1,022,764▼ $1,290,429
Accounts Payable and Accrued Expenses$131,250$511,483▲ $380,233
Other Liabilities$76,643$80,173▲ $3,530
Deferred Revenue$30,876$60,876▲ $30,000
Total Liabilities$2,551,962$1,675,296▼ $876,666
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,356,101$9,552,642▲ $196,541
Net Assets With Donor Restrictions$692,950$484,592▼ $208,358
Total Net Assets Fund Balance$10,049,051$10,037,234▼ $11,817
Total Liabilities and Net Assets / Fund Balance$12,601,013$11,712,530▼ $888,483

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$483,007-$483,007
Buildings$4,939$41,161$46,100
Equipment$19,278$23,893$43,171
Other Assets Org$330,726--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolynn WelchExecutive DirectorFT$84,845$11,075$95,920

Board Members and Trustees

NameTitle
Krista SchwartzottBoard Member/president
Catherine MarchBoard Member
Christine UwimbabaziBoard Member
Concetta FergusonBoard Member
Gustavo LimaBoard Member
Indu DewanBoard Member
KATIE O'CONNORBoard Member
Michael KenlineBoard Member
Stephen ZengerBoard Member
Betsy MitchellBoard Member (to 12/31/24)
Zelalem GemmedaBoard Member (to 12/31/24)
Donna GeneskyBoard Member (to 8/31/24)
Joann BelliottiBoard Member (to 9/30/24)
Luke DoniganBoard Member/assist Secret (to 12/31/24)
Mimi SteadmanBoard Member/secretary
Melanie JaskolkaBoard Member/vice Presiden
Revenue and Support

Revenue Composition

Contributions and Grants
$1,557,693
Program Service Revenue
$331,763
Investment Income
$-11,210
Other Revenue
$293,554
All Other Contributions
$52,782
Change in Net Assets
$-11,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,103,882
Salaries, Compensation, and Employee Benefits$1,079,735
Total Fundraising Expense$180,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$565,397$149,664$116,405$831,466
Interest$174,524--$174,524
Fees for Services Accounting$7,538$143,873$2,480$153,891
Occupancy$89,618$99-$89,717
Current Officers, Directors, Trustees, and Key Employees$55,795$14,769$11,487$82,051
Payroll Taxes$55,107$14,587$11,346$81,040
Office Expenses$29,414$31,693$6,587$67,694
Other Employee Benefits$45,701$12,097$9,409$67,207
Fees for Services Other$2,537$48,418$835$51,790
All Other Expenses$35,229$100$14,350$49,679
Insurance$42,650--$42,650
Information Technology$38,270--$38,270
Other Expenses$20,466$4,801$4,750$25,267
Pension Plan Contributions$12,220$3,235$2,516$17,971
Depreciation Depletion$15,711--$15,711
Travel$2,906--$2,906
Advertising$2,542--$2,542
Fees for Services Legal$91$1,740$30$1,861
Total Functional Expenses$1,578,186$425,236$180,195$2,183,617
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$113,114
Fundraising Direct Expenses$7,752
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wedifest$127,564$113,114$7,752$105,362
Total Events$127,564$113,114$7,752$105,362
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$80,173
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an outside, independent accounting firm. The executive director reviews a draft prior to filing. A copy of the form 990 is provided to all voting members of the governing body (board of directors) prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest disclosures are signed annually by all directors as well as new members joining the board during interim periods. This procedure is a regular agenda item at the annual meeting.”

Form 990, Part VI, Section B, Line 15A

“The executive director's compensation is compared to other local organizations, scaled for appropriate size, and adjusted according to performance reviews. All other employee salaries are at the discretion of the executive director.”

Form 990, Part VI, Section C, Line 18

“The organization's form 990 and form 1023 are available upon request.”

Form 990, Part VI, Section C, Line 19

“Documents are made available for inspection at the administrative offices. Copies can be obtained at the requesting party's expense.”

Filing and Contact Details

Filer

Filer Name
Westminster Economic Development
EIN
20-4230463
Phone
7163934088
Address
1432 NIAGARA STREET, BUFFALO, NY 14213

Signing Officer

Name
Carolynn Welch
Title
Executive Director
Phone
7163934088
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolynn Welch
Formed
2006
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
53
Volunteers
50

Preparer

Firm
Withum Smith & Brown Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“There was no change from the prior year in the audit oversight process or the independent accountant selection process.”

Raw XML AppendixShowing 400 of 621 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0COMMUNITY DEVELOPMENT - WEST SIDE BAZAAR AND DOWNTOWN BAZAAR SMALL BUSINESS INCUBATOR LOCATED IN GROWING COMMERCIAL DISTRICTS IN BUFFALO, NEW YORK. WESTMINISTER ECONOMIC DEVELOPMENT INITIATIVE (WEDI) IS DEDICATED TO OFFERING MERCHANTS A STABLE AND AFFORDABLE ENVIRONMENT TO GROW THEIR "GRASSROOTS" BUSINESSES. WEDI IS COMMITTED TO OFFERING CLIENTS BUSINESS COACHING, FINANCIAL MENTORING, LOW INTEREST LOANS, NETWORKING/MARKETING OPPORTUNITIES, AND STEADY CUSTOMER TRAFFIC.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER/VICE PRESIDEN
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER/ASSIST SECRET (TO 12/31/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER (TO 9/30/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER (TO 12/31/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER (TO 8/31/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER (TO 12/31/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingDirectExpensesAmt07752
IRS990/FundraisingGrossIncomeAmt0113114
IRS990/GainOrLossGrp/SecuritiesAmt0-11265
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt01490461
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02190817
IRS990/GroupReturnForAffiliatesInd00
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IRS990/InformationTechnologyGrp/TotalAmt038270
IRS990/InsuranceGrp/ProgramServicesAmt042650
IRS990/InsuranceGrp/TotalAmt042650
IRS990/InterestGrp/ProgramServicesAmt0174524
IRS990/InterestGrp/TotalAmt0174524
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt052425
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0507224
IRS990/LandBldgEquipCostOrOtherBssAmt0572278
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt011265
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WEDI STRENGHTENS COMMUNITIES THROUGH A CONTINUUM OF EDUCATIONAL AND FINANCIAL RESOURCES FOR ALL WESTERN NEW YORKERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02313193
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01022764
IRS990/NetAssetsOrFundBalancesBOYAmt010049051
IRS990/NetAssetsOrFundBalancesEOYAmt010037234
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-11265
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-11265
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0105362
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0105362
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09356101
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09552642
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt099
IRS990/OccupancyGrp/ProgramServicesAmt089618
IRS990/OccupancyGrp/TotalAmt089717
IRS990/OfficeExpensesGrp/FundraisingAmt06587
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031693
IRS990/OfficeExpensesGrp/ProgramServicesAmt029414
IRS990/OfficeExpensesGrp/TotalAmt067694
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08074882
IRS990/OtherAssetsTotalGrp/EOYAmt07796659
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09409
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012097
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt045701
IRS990/OtherEmployeeBenefitsGrp/TotalAmt067207
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt04750
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0160
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14801
IRS990/OtherExpensesGrp/ProgramServicesAmt0200262
IRS990/OtherExpensesGrp/ProgramServicesAmt1125422
IRS990/OtherExpensesGrp/ProgramServicesAmt256786
IRS990/OtherExpensesGrp/ProgramServicesAmt320466
IRS990/OtherExpensesGrp/TotalAmt0200422
IRS990/OtherExpensesGrp/TotalAmt1130172
IRS990/OtherExpensesGrp/TotalAmt256786
IRS990/OtherExpensesGrp/TotalAmt325267
IRS990/OtherLiabilitiesGrp/BOYAmt076643
IRS990/OtherLiabilitiesGrp/EOYAmt080173
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0188192
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0188192
IRS990/OtherRevenueTotalAmt0188192
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0116405
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0149664
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0565397
IRS990/OtherSalariesAndWagesGrp/TotalAmt0831466
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0302684
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0168428
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt011346
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014587
IRS990/PayrollTaxesGrp/ProgramServicesAmt055107
IRS990/PayrollTaxesGrp/TotalAmt081040
IRS990/PensionPlanContributionsGrp/FundraisingAmt02516
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03235
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012220
IRS990/PensionPlanContributionsGrp/TotalAmt017971
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03221126
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02234087
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011876
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026525
IRS990/PrincipalOfficerNm0CAROLYNN WELCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0209613
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt182819
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239331
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0209613
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt182819
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239331
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT - PROVIDED A COMPREHENSIVE MODEL FOR GENERATING WEALTH FOR MOTIVATED INDIVIDUALS THROUGH THE CREATION OR EXPANSION OF A SMALL BUSINESS. WEDI'S PROGRAM IS UNIQUE IN ITS ABILITY TO PROVIDE A BROAD RANGE OF SERVICES, UTILIZING EXISTING COMMUNITY RESOURCES WHEN AVAILABLE, AND MOLD THE PROCESS TO EACH INDIVIDUAL. THIS IS DONE THROUGH MENTORS, WHO WORK WITH CLIENTS INDIVIDUALLY AND THROUGH PARTNERSHIPS WITH LOCAL ORGANIZATIONS. WEDI CAN PROVIDE A RANGE OF SERVICE FROM BASIC FINANCIAL LITERACY TO SPECIALIZED TRAINING AND TECHNICAL ASSISTANCE. WEDI OFFERS A MICRO LOAN PROGRAM THAT OFFERS SMALL, TARGETED LOANS FOR BUSINESS CREATION OR EXPANSION IN WEDI'S TARGET AREA THAT CAN DIRECTLY RESULT IN INCREASED INCOME AND WEALTH GENERATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0836439
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt039331
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION, NURTURE, ENCOURAGEMENT, READINESS, AND GROWTH FOR YOUTH (ENERGY), LAUNCH, AND FOCUSED LEARNING FOR YOUTH (FLY) - THE FOCUS OF THESE PROGRAMS IS TO HELP ENGLISH LANGUAGE LEARNERS (ELLS) SPECIFICIALLY STUDENTS WITH INTERRUPTED FORMAL EDUCATION (SIFE) TO IMPROVE MORE QUICKLY, ACADEMICALLY, AND SOCIALLY THAN THEY WOULD WITHOUT ENERGY, LAUNCH, OR FLY'S INPUT OUTSIDE OF SCHOOL. CHILDREN RECEIVE HOMEWORK AND ACADEMIC SUPPORT, ENJOY A SHARED FAMILY STYLE MEAL AND GAIN ACCESS TO INDIVIDUAL ADULT MENTORS AND TUTORS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0315637
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ALL OTHER RELATED REVENUES
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0188192
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYGrantsAndSimilarPaidAmt01763
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IRS990/PYOtherExpensesAmt01095804
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IRS990/PYTotalExpensesAmt02473537
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06918706
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-11817
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0292432
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2020 AMOUNT: $ 1,676. 2021 AMOUNT: $ 331. 2022 AMOUNT: $ 3,749. 2023 AMOUNT: $ 6,275. 2024 AMOUNT: $ 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06714496
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02979811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04714674
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01994526

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,712,530
Liabilities
$1,675,296
Net assets
$10,037,234
Revenue
$2,171,800
Expenses
$2,183,617
Net income
-$11,817
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.7$1.68$10.0$2.17$2.18$0.01
2023Summary only. Only limited summary data is available for this year.$12.6$2.55$10.0$6.92$2.47$4.45
2022Summary only. Only limited summary data is available for this year.$10.4$4.79$5.61$3.25$2.30$0.95
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.29$0.88$4.41$4.82$2.07$2.75
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.96$1.65$2.12$1.76$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$1.08$1.30$1.72$1.60$0.12
2018Summary only. Only limited summary data is available for this year.$2.02$0.84$1.18$1.31$0.99$0.32
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.88$0.86$1.10$0.75$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.52$0.52$0.66$0.54$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.07$0.40$0.34$0.46$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.05$0.52$0.54$0.33$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.14$0.16$0.02
2012Summary only. Only limited summary data is available for this year.$0.34$0.01$0.16$0.11$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.01$0.27$0.09$0.10$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $10M-$25M nonprofits